Technical analysis USDCHF for 24.11.2023
24.11.2023 17:07
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.88490. The closest support is the level 0.87970
Key levels
- 0.89300, 0.88880, 0.88490, 0.87970, 0.87610, 0.87270
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.88490, with Take Profit of 0.88880 and Stop Loss of 0.88200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.87970, with Take Profit of 0.87610 and Stop Loss of 0.88200
Scenario
Recommendation
BUY STOP
Entry Point
0.88490
Take Profit
0.88880
Stop Loss
0.88200
Key Levels
0.89300, 0.88880, 0.88490, 0.87970, 0.87610, 0.87270
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.87970
Take Profit
0.87610
Stop Loss
0.88200